Think carefully before securing other debts against your home. As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments. When consolidating existing borrowing it is important to be aware that extending the terms of the agreement could increase the total amount repaid. This should be looked at along with the savings. Consult with an FCA authorised advisor to check the costs over time and ensure you are fully aware of the potential savings and costs involved over the term.

The Mortgage Exchange Ltd is registered in Scotland no. 648401. Registered office, Pavilion 3, Bothwell Bridge Business Park, Candymill Lane, Hamilton, ML3 0FD.

Authorised and regulated by the Financial Conduct Authority. The Mortgage Exchange Ltd is entered on the Financial Services Register under reference 924718.

If you wish to register a complaint, please write to us at the address above, email us at or call us on 0161 533 0966.

A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at or by contacting them on 0800 0234 567.

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Pay off high-interest expensive debts (such as credit cards, personal loans, overdrafts, council tax and more) with a debt consolidation remortgage. 

Pay Off Debts

Raise additional cash by releasing money from your home for home improvements & renovations, or even a holiday! 

Raise Additional Cash

Secure a lower interest rate at current low rates simply by switching mortgage providers. 

Secure a Better Deal

"I have saved over £800 per month which will make a massive difference, and I would recommend the Mortgage Exchange to anyone"

Ms Collins is a single parent with a great job and a strong salary. Thanks to credit card and loan debts, her monthly outgoings were making it tough to meet the monthly bills; which added to the spiralling cost of funding her daughter's nursing training. This left Ms Collins in a difficult financial position.

After receiving a review of her circumstances and researching the current market, our consultant identified that Ms Collins could instantly make a monthly saving of over £800 p/month with the many exclusive rates available to The Mortgage Exchange. It didn't stop there. Ms Collins consolidated her debts with a remortgage, which allowed her to reduce the high interest charges for the credit card and loan debts.

As a result of the debt consolidation remortgage, Ms Collins has reduced her monthly debt repayments by over £800 and raised an additional £10,000 for home improvements and a family holiday.

Calculate your potential savings now

The process was very simple and they dealt with everything very professionally they arranged everything And the process was very quick.

Janet McKay

Excellent service, fourth time I have used David and his team !! Brilliant customer care !!

Ian Sinclair

These guys have been amazing from start to end. very professional communication

S Jaffery

What is remortgaging for debt consolidation?

Remortgaging your property allows you to replace your current mortgage product with new terms, which often changes the amount you pay each month. By remortgaging your property, you could free up a lump sum which can then be used to clear other debts, such as credit card repayments. 

For example, you might remortgage your property and free up a lump sum of approximately £5,000 to pay off an outstanding credit card debt in full. By doing this, you could save months-worth of potential interest and credit card repayments at the expense of a slight monthly increase on your mortgage costs.

On other occasions, a debt consolidation remortgage can be used to reduce your overall monthly commitments. 

Whilst this may allow you to ease your financial circumstances, it may mean extending the term of the debts which could increase the overall costs of repayment. You must be aware that you would be securing previously unsecured debts against your property.

What are the benefits?

Remortgaging for debt consolidation could be beneficial to your finances overall:

  • Consolidating your debts into smaller monthly payments can make them much easier to manage and potentially much more affordable.

  • You may be able to agree on reduced payment terms with your lender if you already own a large portion of your property, lowering your monthly mortgage payments. 

  • You may be able to switch lenders to obtain a better service or find more manageable terms.

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